Breaking News :

COMEX Global Technology Show 2024 Kicks off

HM The Sultan Arrives in Kuwait

Kuwaiti diplomat: Omani Sultan’s Kuwait visit indicative of strong ties

UAE President holds dinner banquet at Qasr Al Watan in honour of Sultan Haitham bin Tariq

UAE President receives Sultan of Oman upon arrival in UAE on state visit

Oman and UAE: Fraternal Bonds, Strategic Relations and Economic Partnership

OIA Announces Social Investment Policy, Launches “Qimam” Platform

POPS Supervisory Committee Holds First Meeting in 2024

Bank Muscat’s Sayyarati Auto Finance Option Comes with the Best Financing Facilities for Customers

“Ooredoo Oman Welcomes Khawla Al-Amiri as Chief People Officer, Reinforcing Commitment to Local Leadership Empowerment”

Bank Muscat Launches EAGLEs Programme: A Pioneering Leadership Engagement Across Branch Network

“Forging Tomorrow: A Global Imperative for Advanced AI Infrastructure”

“High-Paying Careers in Artificial Intelligence: Securing Your Future in the Evolving Job Market”

HM The Sultan Issues Two Royal Decrees

Unlocking New Horizons for Entrepreneurs: The Fourth Industrial Revolution

Royal Army of Oman Celebrates Passing Out of Officer Cadets, University Officers

HM The Sultan Offers Condolences on the Death of Kuwaiti Emir

HM The Sultan Gives Audience to Business People in India

HH Sayyid Theyazin Conveys HM The Sultan’s Greetings to Russian President

First Muscat Dialogue Sessions Begin

Oman and Switzerland Strengthen Bilateral Cooperation with Multiple Memoranda of Understanding

Empowering Coastal Women in Oman: “Mina” Project Unveiled

Information Minister Affirms Keenness to Strengthen Communication with International Media Institutions

“Oman’s Education and Innovation Drive: Sultan Haitham’s Vision”

UAE Space Agency launches National Space Academy to develop national cadres

HM The Sultan Presides over 8th Term Convening of Council of Oman

Selecting Topics Phase Launched of “Together we Make Progress” Forum

HM The Sultan Issues 2 Royal Decrees

Interior Minister visits Operations Chamber of Shura Council Elections

Omanis Cast Ballots for Shura Council’s 10th Term Membership

“Navigating Talent Challenges in Oman’s Telecom Sector”

“Bank Merger in Oman: A Human Resources Transformation Story”

Omantel’s 5G Excellence Recognized with “Samena Communications Award”

NHS scientist awarded £58,000 after being named ‘Paininarse’ on spreadsheet

‘Kill list’ | Mystery doc shows list of LinkedIn staff facing redundancy, days before HR announcement

HM The Sultan Receives Ambassadors’ Credentials

“Empowering Omani Women: A Message of Hope and Progress”

Mohammed bin Rashid opens GITEX GLOBAL

HH Sayyid Bilarab Chairs Meeting of Omani Startups’ Supervisory Committee

“Dhi Yazan bin Haitham Al Said Inaugurates Duqm Economic Forum “

Omani Woman: Clear Vision & Remarkable Achievements

“Strategies for Cultivating a Healthy and Productive Work Environment”

“Essential Reading for HR Professionals: 17 HR Books You Can’t Miss in 2023”

“Future-Proofing Your Career: Essential Skills for Tomorrow’s Job Market”

MAWARED annual book

Transformational Leadership: Inspiring Change and Achieving Excellence

“al sulaam Program (Episode four) with Dr. Aamal al bussaidi .”

“al sullam Program (Episode Two) with Dr. Ahmed Al-Ghusani.”

Nama Group and Omani Society for Human Resource Management (OSHRM) announce strategic partnership in Human Resources development

Saudi Oil Giant Aramco Announces $121 Billion Profit in 2023

Tender Board Signs Agreements with Karwa Motors on Government Procurement, School Bus Purchase

Najahi Business Banking from Bank Muscat: Empowering Small Businesses

His Majesty Exchanges Ramadan Greetings With Arab, Islamic Leaders

A’Rustaq Hospital Diagnoses Child with Gastric Wall Vein Bleeding

QCB Launches ‘FAWRAN’ Instant Payment Service

National Development Fund Partners with World Economic Forum

Qatar Chairs 49th Meeting of GCC Standing Committee for Combating Harmful Practices in International Trade

Saudi Arabia’s Air Connectivity Program Signs Deal with Eurowings to Enhance Air Connectivity between Saudi Arabia and the EU

HM King presented unique development model: Omani Ambassador

July 14, 2024

HM The Sultan Presides over Opening of Duqm Refinery in Presence of Emir of Kuwait

Duqm,

(ONA) —— His Majesty Sultan Haitham bin Tarik presided over the opening of Duqm Refinery and Petrochemical Industries in the Special Economic Zone of Duqm (SEZAD) today, in the presence of Sheikh Mishal Al Ahmad Al Jaber Al Sabah, Emir of Kuwait.

When the two leaders arrived at the project’s site, they were received by Sultan bin Salim Al Habsi, Minister of Finance, Dr. Imad Mohammad Al Ateeqi, Kuwait’s Minister of Oil, Abdulsalam bin Mohammed Al Murshidi, Chairman of Oman Investment Authority (OIA), Sheikh Nawaf Saud Al Nasser Al Sabah, CEO of Kuwait Petroleum Corporation (KPC), Eng. Ahmed Hassan Al Dheeb, Deputy Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ) and Mulham bin Basheer Al Jarf, Board Chairman of OQ Group.

After that, His Majesty and the Emir of Kuwait watched an interactive visual presentation titled (Journey of Energy) delivered by a group of young national cadres.

The presentation focused on the stages of setting up the Duqm Refinery and Petrochemical Industries project, to be the largest joint investment project between the Sultanate of Oman and the State of Kuwait, combined between the Omani OQ Group and the Kuwait Petroleum International Company, with a capital exceeding RO 3.5 billion. The presentation also highlighted the economic importance of the refinery.

Meanwhile, Abdulsalam bin Mohammed Al Murshidi, Chairman of Oman Investment Authority gave a speech during which he affirmed that the joint project reflects the deep-rooted and distinguished relations binding Oman and Kuwait.

The project is a result of collaborative efforts from both sides, said Al Murshidi, who pointed out that it is the largest investment project between two Gulf countries in the refineries and petrochemicals sector, at a cost exceeding RO 3.5 billion (USD 9 billion).

He added that the foundation stone of the project was laid by His Majesty Sultan Haitham bin Tarik in 2018.

He explained that the project is the first Gulf refinery to rely on imported crude oil for its operations. He further noted that it is expected to contribute to raising the total refining capacity of the Sultanate of Oman to 500,000 barrels per day, an increase of 230,000 barrels per day.

Al Murshidi concluded: “In conjunction with the opening of the Duqm Refinery, two other projects were completed: The Marafiq Company project, which supports the refinery in terms of energy and water, with an investment amounting to RO 196 million, and Oman Tank Terminal Company, which supports the refinery’s work in terms of storing oil in Ras Markaz, with an investment of RO 200 million.”

On his turn, Sheikh Nawaf Saud Al Nasser Al Sabah, CEO of Kuwait Petroleum Corporation gave a speech during which he affirmed that the commercial operation of the Duqm Refinery – the largest joint Gulf project – indicates the distinguished ties between Oman and Kuwait.

He added: “After reaching full commercial operation of the refinery, It will discharge and refine Kuwaiti crude oil and Omani oil, achieving the strategic objectives of the Kuwait Petroleum Corporation, which stipulates entering into investment opportunities with global partners to develop its refining capacity in promising markets with the aim of reaching a refining capacity of 425,000 barrels of oil per day by 2025”.

He pointed out that today’s celebration is not the last station on the road to success, but rather it is a worthy pause to appreciate the efforts of the male and female workers at the Duqm Refinery to complete the progress.

He further noted: “The challenges facing the oil and gas industry are not easy, the most important of which is the global trend towards energy transformation, which requires working together to ensure the safe and profitable operation of the refinery in order to become a global hub for innovation and leadership in the global refining industry.”

Then, His Majesty the Sultan and the Emir of Kuwait unveiled the curtain, marking the historic moment of opening the Duqm Refinery and Petrochemical Industries.

After that, the two leaders went on tour of the main control room of the refinery to learn closely about the various operations of the refinery.

They were also briefed on the production capacity that boosts the refining position of the Sultanate of Oman to exceed 500,000 barrels per day, and achieves the maximum benefit from petroleum materials.

On this occasion, His Majesty Sultan Haitham bin Tarik and Sheikh Mishal Al Ahmad Al Jaber Al Sabah accepted two commemorative gifts from the management of Duqm Refinery and Petrochemical Industries Company.

After that, the Emir of Kuwait recorded a word in the senior visitors’ register. He valued this cooperation of His Majesty, the government and the Omani people, which, he described, translates the Kuwaiti-Omani partnership, especially in investing in the petrochemical industries and crystallizes current and common future visions, looking forward to more partnerships that consolidate the advanced relations between the two countries and serve interests of their peoples.

At the end of the opening ceremony, a commemorative photo was taken to His Majesty the Sultan, the Emir of Kuwait and a group of staff from the Duqm Refinery and Petrochemical Industries Company.

The ceremony was attended by some Royal Family members, ministers, the official delegation accompanying the Emir of Kuwait, some CEOs of Oman Investment Authority’s firms, CEOs of global oil companies, sheikhs and dignitaries of Al Wusta Governorate.

Read Previous

Bank Muscat inaugurates its mega branch in the Wilayat of Sohar underscoring its commitment to innovation and creativity in delivering services

Read Next

Oman Discusses its 4th Report on CEDAW in Geneva

Most Popular